Risk
Depositing into sky.money USDT Savings means underwriting risks you usually can't see: how much you could lose, whether you'd get out in time, and what would cover it.
Left to right, a deeper collateral crash. Hover any point for the scenarios that drive the loss — only a smart-contract bug reaches a total loss.
Collateral & oracles
Each token you're exposed to, and the market it backs. If that market breaks, this is how much the vault loses, in dollars and as a share of the vault. Open a row for the price feed, stress curve, and supply-cap detail. Below, the oracles those prices depend on and what is at stake if one is compromised.
−100% $57.91m modeled all-to-zero bad-debt ceiling
sUSDSHybridChainlink$57.91mbad debtOracle exposure $6.49m$64.41m100% of vault$57.91m$6.49m
sUSDSHybridChainlink$57.91mbad debtOracle exposure $6.49msUSDS mixes exchange-rate/NAV (ERC4626 vault share-rate) with market-rate (DAI / USD, USDT / USD) — insulated from ERC4626 vault share-rate market deviation, but exposed to DAI / USD, USDT / USD.
- → USDT97% LLTV0x0c42…4c79Chainlink
Oracle dependencies
1 feed · 1 control pointUp to$6.49mdrainable if these feeds are mispriced · 10% of vault
Each price traces to a feed and the on-chain admin that can move it. Compromise either to misprice the collateral and borrow against it. Per-row amounts overlap and are not summed.
- Chainlink·a 4/9 Safe multisigprices sUSDS0x21f7…73ca$6.49m · 10% of vaultdrainable if it is compromised
How you could lose money
Each row is a distinct failure. Possible loss is the share of your deposit at the selected collateral drop; Worst case is the ceiling if everything goes wrong — a conditional loss if it happens, not a likelihood. Price-scaling rows move with the drop selector; the rest are fixed. Enter a deposit to see the dollar figures as your own. Open a row for conditions, mitigations, and the math.
| Full-deposit & protocol-level(2) | |||||
| 100% | $64.41m | Full deposit | Instant | ||
| 25% | $15.9m | up to $57.91m | Instant | ||
| Price-driven collateral stress(1) | |||||
| 25% | $15.9m | up to $57.91m | Instant | ||
| Oracle & liquidation failures(4) | |||||
| 25% | $15.9m | up to $57.91m | Instant | ||
| 25% | $15.9m | up to $57.91m | Instant | ||
| 25% | $15.9m | up to $57.91m | Instant | ||
| — | — | up to $6.49m | Instant | ||
| Vault role & allocator(3) | |||||
| — | — | up to $61.61m | 3 days | ||
| — | — | up to $61.61m | Instant | ||
| — | — | up to $32.21m | 3 days | ||
Who you're trusting
The people and processes that can change this protocol under you.
The roles that can actually move your deposit — the real principal-loss path.
Role timelock 3 days to exit before owner/curator actions land
Sentinels1 · 1 multisigSafety role · veto only
Safety role, not an attack role: can revoke ANY pending timelocked curator change, instantly cut caps, and pull funds from adapters back to idle. Strictly risk-reducing — a captured sentinel cannot introduce new risk.
- 2-of-3 multisig0x3f32…1bba
Allocators1 · 1 multisigReaches deposit · instant
Moves funds between markets the curator has ALREADY approved — instantly, with NO timelock and no exit window. Cannot reach a brand-new market, but can concentrate you into an approved-but-stressed market or order withdrawals so you hit weak liquidity first.
- 2-of-3 multisig0x3f32…1bba
- Certora· 15 Dec, 2025report
- Blackthorn· 4 Dec, 2025report
- Spearbit· 4 Dec, 2025report
- Blackthorn· 15 Sep, 2025report
Protocol-wide governance: bounded context, not the path to your deposit.
MORPHO0x58D9…c2B2Every Morpho Blue market chooses an immutable oracle contract at creation; implementations can be Chainlink-like, exchange-rate, fixed-price, or custom. Failure modes: attacker-favourable price feed (covered in market-oracle-compromise) or price() revert / staleness blocking liquidations (covered in oracle-liveness-or-malfunction).
No quantified loss scenario references this dependency directly.